Wrentham MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Wrentham, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Wrentham Housing Market Information

With a population of 11,964, 4,162 total housing units (homes and apartments), and a median house value of $550,201, real estate costs in Wrentham are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Wrentham, accounting for 78.73% of the town's housing units. Other types of housing that are prevalent in Wrentham include row houses and other attached homes ( 7.48%), large apartment complexes or high rise apartments ( 6.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wrentham. Owner-occupied housing accounts for 81.28% of Wrentham's homes, and 67.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wrentham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Wrentham built between 1940-1969 ( 22.92%). A lesser amount of the housing stock also hails from before 1939 ( 15.80%). There's also some housing in Wrentham built between 2000 and later ( 14.43%).

Wrentham Home Appreciation Rates

Real estate appreciation rates in Wrentham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.37% during the period.

NeighborhoodScout's data show that during the latest twelve months, Wrentham's appreciation rate, at 4.29%, has been at or slightly above the national average. In the latest quarter, Wrentham's appreciation rate has been 0.97%, which annualizes to a rate of 3.96%.

Relative to Massachusetts, our data show that Wrentham's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$550,201

Wrentham, MA HOME PRICES

Value Range
> $1,141,000 0.7
$855,001 - $1,141,000 5.9
$570,001 - $855,000 28.5
$456,001 - $570,000 23.0
$342,001 - $456,000 20.2
$228,001 - $342,000 15.1
$114,001 - $228,000 4.5
$57,001 - $114,000 0.1
$0 - $57,000 1.8

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.34744525547445 26.6025641025641

Number Of Homes And Apartments:
4,162

Wrentham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
63.40% 2.42%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,994 / per month

Homeownership Rate

Homeownership
Owners 81.28
Renters 18.72
Vacant 1.84

Housing Market Details

 

Age of Homes

AGE OF Wrentham HOMES
2000 or Newer 14.4
1970 - 1999 46.8
1940 - 1969 22.9
1939 or Older 15.8

Types of Homes

TYPE OF Wrentham HOMES
Single-Family 78.7
Townhomes 7.5
Small Apt. Buildings 6.7
Apt. Complexes 6.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Wrentham HOMES
No Bedroom 0.78
1 Bedroom 6.32
2 Bedrooms 20.59
3 Bedrooms 34.27
4 Bedrooms 33.47
5 or more bedrooms 4.58